California Lawmakers Seek to Drop Wal-Mart Stock from State Pension Fund

Date: 9 Nov 2004 | posted in: Retail | 0 Facebooktwittergoogle_plusredditpinterestmail

A group of California state lawmakers, led by Assemblywoman Sally Lieber, are calling for the legislature to require that the California Public Employees’ Retirement System (CalPERS) sell its 18.8 million shares of Wal-Mart stock, valued at about $1 billion. "The Legislature needs to take a close look at how we put our money behind our values," Lieber told the Associated Press. "Wal-Mart is making a big push to expand in many areas of our state. … Read More

How Wal-Mart’s Health Coverage Stacks Up

Date: 1 Feb 2004 | posted in: Retail | 0 Facebooktwittergoogle_plusredditpinterestmail

The annual premium a full-time Wal-Mart employee must pay for coverage for her and her spouse is $2,672 (with a $350 deductible), which amounts to about 19 percent of her pre-tax earnings, according to the report. Part-time employees (under 34 hours per week) are only eligible to enroll after two years on the job and even then, coverage is available only for themselves, not their families. Full-time workers are eligible for family coverage after six months.… Read More

UFCW Union Joins Activists To Challenge Wal-Mart

Date: 1 Aug 2000 | posted in: Retail | 0 Facebooktwittergoogle_plusredditpinterestmail

Wal-Mart wants to open 300 new "supercenters" by 2002, but the corporation’s plans may be derailed by mounting opposition in heavily unionized regions. The United Food and Commercial Workers (UFCW) union has joined with local business owners and neighborhood activists to stop Wal-Mart’s expansion in several western states and parts of the Upper Midwest and Northeast.… Read More